Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$181,206$188,910
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.890%7.400%
Blended rate6.740%7.640%
1st payment$1,134.44$1,307.97
2nd payment$0.00$0.00
Taxes / mo$241.83$241.83
Insurance / mo$150.00$150.00
MI / mo$135.62$37.78
HOA / mo$0.00$0.00
Total monthly$1,661.90$1,737.59
Cash to close$28,694$20,990